BMAJ counsels Wheaton in execution of $290m dollars streaming financing agreement

Bofill Mir & Álvarez Jana has advised  Wheaton Precious Metals International Ltd. in the execution of Precious Metals Purchase Agreement

Chilean law firm Bofill Mir & Álvarez Jana has counselled  Wheaton Precious Metals International Ltd., to execute a streaming financing agreement named Precious Metals Purchase Agreement, in connection to the production of gold from the Santo Domingo project, a large scale, fully-permitted, copper-iron-gold project in Region III, Chile (the “Project”).

This international transaction, which was closed on April 21th, included the participation of Chile, Canada and Barbados, and had a value of $290,000,000 dollars.

Upon closing, in consideration for the sale and delivery of the refined gold, Wheaton will pay Capstone an upfront deposit of USD 30,000,000 and additional deposits of $ 260,000,000 dollars.

BMAJ’s team was led by partner Pablo Mir (pictured left), together with senior associate Felipe Allende (pictured right), and associates Alonso Calderón and Francisco Miranda. While FerradaNehme counselled Capstone with a team formed by director Juan Andrés Bretón, senior associate Roberto Carrillo and associate Joaquín Deck.